Justifying the cost of a Travel Trailer

Jay Coe wrote:
Insurance - buy an older trailer and you don't need it. I would never dream of wasting money to insure my $4500 TT, or my $3600 atv, or my $2500 snowmobile or the $2200 trailer it lives in. Nor do I carry full coverage on my $5000 Suburban or $3000 motorcycle.

mountainkowboy wrote:
God help ya when one of your "toys" does damage to something or someone, not a gamble I'm willing to take.

REAL EASY way to lose everything you have......

Jay Coe wrote:
Did you miss the sentence where I said I would rather have them and risk losing them than never have them at all? In the grand scheme of life it's a really tiny risk compared to so many other things that can F you over.

Chicken Little crying THE SKY IS FALLING! :R I too never carry comprehensive insurance on any toy worth $5K or less, only liability which may be required (which for recreational trailers here in Ontario it is not), reasoning that if I can't afford to lose a mere $5K then I shouldn't have that toy in the first place. In fact, now that I think about it one insurance company I've dealt with that specializes in recreational vehicle insurance won't even write a policy on a trailer worth less than $8000. A $30K trailer? - sure, I'd fully insure it, but a used 15 yr old trailer? - not a chance. And anytime it's hitched to my vehicle it's covered for liability under my truck insurance. Could a trailer parked on a campsite slip away and injure someone else? - sure, I guess it could BUT I take great pains to make sure the trailer is always secured properly. Thanks but no thanks, I insure my various belongings first as may be required by law, beyond that it's a judgement call as to whether full coverage for loss is worth the premium cost.